FORM 10-Q

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES  EXCHANGE
    ACT OF 1934

                For the quarterly period ended December 31, 2004

                                       OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

             For the transition period from           to
                                            ----------  ----------
                        Commission file number: 333-76435


                 WNC HOUSING TAX CREDIT FUND VI, L.P., Series 7


                 California                          33-0761517
                (State or other jurisdiction of     (I.R.S. Employer
               incorporation or organization)      Identification No.)

                              17782 Sky Park Circle
                              Irvine, CA 92614-6404
                    (Address of principal executive offices)

                                 (714) 662-5565
                               (Telephone number)



Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

Yes           No      X
   -----------  -----------
Indicate  by check mark  whether  the  registrant  is an  accelerated  filer (as
defined in rule 12b-2 of the Exchange Act).

Yes           No      X
   -----------  -----------
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)


                               INDEX TO FORM 10-Q

                For the Quarters Ended December 31, 2004 and 2003

PART I. FINANCIAL INFORMATION

    Item 1. Financial Statements

            Balance Sheets
              December 31, 2004 and March 31, 2004 ............................3

            Statements of Operations
              For the Three and Nine Months Ended December 31, 2004 and 2003...4

            Statement of Partners' Equity (Deficit)
              For the Nine Months Ended December 31, 2004......................5

            Statements of Cash Flows
              For the Nine Months Ended December 31, 2004 and 2003.............6

            Notes to Financial Statements......................................7

    Item 2. Management's Discussion and Analysis of Financial
              Condition and Results of Operations.............................16

    Item 3. Quantitative and Qualitative Disclosures about Market Risk........17

    Item 4. Controls and Procedures...........................................17

PART II. OTHER INFORMATION

    Item 1. Legal Proceedings.................................................17

    Item 2. Changes in Securities and Use of Proceed..........................17

    Item 3. Defaults Upon Senior Securities...................................17

    Item 4. Submission of Matters to a Vote of Security Holders...............17

    Item 5. Other Information.................................................17

    Item 6. Exhibits..........................................................17

    Signatures ...............................................................18

                                       2
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                                 BALANCE SHEETS
<TABLE>
<CAPTION>
                                                                   December 31, 2004               March 31, 2004
                                                                 -----------------------        ----------------------
                                                                      (unaudited)                    (unaudited)
ASSETS
<S>                                                          <C>                            <C>
Cash and cash equivalents                                     $                 791,245      $              1,133,246

Investments in limited partnerships (Note 3)                                 11,481,848                    12,291,007
Loans receivable (Note 2)                                                        84,467                        84,430
                                                                 -----------------------        ----------------------

                                                              $              12,357,560      $             13,508,683
                                                                 =======================        ======================


LIABILITIES AND PARTNERS' EQUITY (DEFICIT)

Liabilities:
   Payables to limited partnerships (Note 5)                  $                  61,631      $                345,823
   Accrued fees and expenses due to General
      Partner and affiliates (Note 4)                                            90,443                        86,613
                                                                 -----------------------        ----------------------

Total liabilities                                                               152,074                       432,436
                                                                 -----------------------        ----------------------

Commitment and contingencies (Note 6)

Partners' equity (deficit):
   General Partner                                                               (5,797)                       (4,926)
   Limited Partners (25,000 units authorized and 18,850
      units issued and outstanding at
         December 31, 2004 and March 31, 2004)                               12,211,283                    13,081,173
                                                                 -----------------------        ----------------------

Total partners' equity                                                       12,205,486                    13,076,247
                                                                 -----------------------        ----------------------

                                                              $              12,357,560      $             13,508,683
                                                                 =======================        ======================
</TABLE>
                 See accompanying notes to financial statements
                                       3
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                            STATEMENTS OF OPERATIONS

         For the Three and Nine months Ended December 31, 2004 and 2003
                                   (unaudited)
<TABLE>
<CAPTION>
                                                           2004                                        2003
                                         ----------------------------------------     --------------------------------------
                                           Three Months            Nine Months         Three Months           Nine Months
                                         ------------------      ----------------     ----------------       ---------------
<S>                                   <C>                      <C>                   <C>                    <C>
Interest income                        $            3,405       $          9,244      $         4,538        $       15,679
Reporting fee                                           -                      -                3,436                15,223
                                         ------------------      ----------------     ----------------       ---------------
                                                    3,405                  9,244                7,974                30,902
Operating expenses:
     Amortization (Note 3)                         13,595                 40,785               14,229                42,687
     Asset management fees (Note 4)                14,614                 44,367               14,614                43,518
     Legal and accounting fees                     16,066                 28,431                2,798                21,318
     Other                                          3,320                 10,689                3,511                 7,341
                                         ------------------      ----------------     ----------------       ---------------
       Total operating expenses                    47,595                124,272               35,152               114,864
                                         ------------------      ----------------     ----------------       ---------------
Income (loss) from operations                     (44,190)              (115,028)             (27,178)              (83,962)
                                         ------------------      ----------------     ----------------       ---------------
Equity in losses of limited
   partnerships (Note 3)                         (251,912)              (755,733)            (222,362)             (667,087)
                                         ------------------      ----------------     ----------------       ---------------
Net loss                               $         (296,102)      $       (870,761)    $       (249,540)       $      (751,049)
                                         ==================      ================     ================       ===============
Net loss allocated to:
     General Partner                   $             (296)      $           (871)    $           (249)       $          (751)
                                         ==================      ================     ================       ===============
     Limited Partners                  $         (295,806)      $       (869,890)    $       (249,291)       $      (750,298)
                                         ==================      ================     ================       ===============
Net loss per limited partnership unit  $              (16)      $            (46)    $            (13)       $           (40)
                                         ==================      ================     ================       ===============
Outstanding weighted average
   Limited partner units                           18,850                 18,850               18,850                 18,850
                                         ==================      ================     ================       ===============
</TABLE>

                 See accompanying notes to financial statements
                                       4
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                     STATEMENT OF PARTNERS' EQUITY (DEFICIT)

                   For the Nine Months Ended December 31, 2004
                                   (unaudited)
<TABLE>
<CAPTION>
                                                        General             Limited
                                                        Partner             Partners                Total
                                                    ----------------     ----------------     ------------------
<S>                                              <C>                   <C>                   <C>
Partners' equity (deficit) at March 31, 2004      $         (4,926)     $    13,081,173       $     13,076,247

Net loss                                                      (871)            (869,890)              (870,761)
                                                    ----------------     ----------------     ------------------
Partners' equity (deficit) at December 31, 2004   $         (5,797)     $    12,211,283       $     12,205,486
                                                    ================     ================     ==================
</TABLE>

                 See accompanying notes to financial statements
                                       5
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                            STATEMENTS OF CASH FLOWS

              For the Nine Months Ended December 31, 2004 and 2003
                                   (unaudited)
<TABLE>
<CAPTION>
                                                                        2004                      2003
                                                                 -------------------      --------------------
<S>                                                          <C>                       <C>
   Cash flows from operating activities:
      Net loss                                                  $       (870,761)         $        (751,049)
      Adjustments to reconcile net income to net cash
         (used in) provided by operating activities:
         Amortization                                                     40,785                     42,687
         Equity in losses of limited partnerships                        755,733                    667,087
         Accrued fees and expenses due to General Partner
          and affiliates                                                   3,830                   (204,824)
                                                                 -------------------      --------------------

   Net cash (used in) provided by operating activities                   (70,413)                  (246,099)
                                                                 -------------------      --------------------

   Cash flows from investing activities:
      Investments in limited partnerships, net                          (278,487)                  (955,822)
      Loans receivable                                                       (37)                   127,156
      Distributions from limited partnerships                              6,936                      2,927
                                                                 -------------------      --------------------

   Net cash used in investing activities                                (271,588)                  (825,739)
                                                                 -------------------      --------------------

   Net decrease in cash and cash equivalents                            (342,001)                (1,071,838)

   Cash and cash equivalents, beginning of period                      1,133,246                  2,246,731
                                                                 -------------------      --------------------

   Cash and cash equivalents, end of period                     $        791,245          $       1,174,893
                                                                 ===================      ====================

   SUPPLEMENTAL DISCLOSURE OF CASH
      FLOW INFORMATION
         Taxes paid                                             $              -          $               -
                                                                 ===================      ====================
</TABLE>

                 See accompanying notes to financial statements
                                       6
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                          NOTES TO FINANCIAL STATEMENTS
                For the Quarterly Period Ended December 31, 2004
                                   (unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
---------------------------------------------------
General
-------
The accompanying  condensed unaudited financial statements have been prepared in
accordance with accounting principles generally accepted in the United States of
America for interim financial information and with the instructions to Form 10-Q
for quarterly  reports under Section 13 or 15(d) of the Securities  Exchange Act
of 1934.  Accordingly,  they do not include all of the information and footnotes
required by  accounting  principles  generally  accepted in the United States of
America for complete  financial  statements.  In the opinion of management,  all
adjustments (consisting of normal recurring accruals) considered necessary for a
fair presentation  have been included.  Operating results for the three and nine
months ended  December 31, 2004 are not  necessarily  indicative  of the results
that may be  expected  for the fiscal year ending  March 31,  2005.  For further
information, refer to the financial statements and footnotes thereto included in
the Partnership's annual report on Form 10-K for the fiscal year ended March 31,
2004.

Organization
------------
WNC Housing Tax Credit Fund VI, L.P., Series 7, a California Limited Partnership
(the "Partnership"),  was formed on June 16, 1997 under the laws of the state of
California, and commenced operations on September 3, 1999. The effective date of
its  public  offering  pursuant  to the  Securities  and  Exchange  Commission's
approval of the Partnership's  Pre-Effective  Amendment No. 3 to Form S-11 filed
on July 16, 1999.

The general partner is WNC & Associates, Inc. ("WNC") (the "General Partner"), a
California  limited  partnership.  The chairman and president of Associates  own
substantially  all  of  the  outstanding  stock  of  WNC.  The  business  of the
Partnership  is  conducted  primarily  through  WNC, as the  Partnership  has no
employees of its own.

The Partnership shall continue in full force and effect until December 31, 2060,
unless terminated prior to that date,  pursuant to the partnership  agreement or
law.

The financial  statements  include only activity relating to the business of the
Partnership,  and do not give  effect to any assets that the  partners  may have
outside of their interests in the Partnership, or to any obligations,  including
income taxes, of the partners.

The  partnership  agreement  authorized the sale of up to 25,000 units at $1,000
per  Unit  ("Units").   As  of  June  30,  2003,   18,850  Units,   representing
subscriptions  in the amount of $18,828,790 net of dealer  discounts of $21,210.
The General Partner has a 0.1% interest in operating profits and losses, taxable
income and losses,  in cash available for distribution  from the Partnership and
tax credits. The Limited Partners will be allocated the remaining 99.9% interest
in proportion to their respective investments.

After the Limited  Partners  have received  proceeds from a sale or  refinancing
equal to their capital  contributions and their return on investment (as defined
in the  Partnership  Agreement)  and the General  Partner has received  proceeds
equal  to its  capital  contribution  and a  subordinated  disposition  fee  (as
described in Note 4) from the  remainder,  any  additional  sale or  refinancing
proceeds will be distributed 90% to the Limited Partners (in proportion to their
respective investments) and 10% to the General Partner.

                                       7
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended December 31, 2004
                                   (unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued
--------------------------------------------------------------
Risks and Uncertainties
-----------------------
An investment in the  Partnership  and the  Partnership's  investments  in Local
Limited  Partnerships  and their Housing  Complexes are subject to risks.  These
risks may impact the tax benefits of an investment in the  Partnership,  and the
amount of proceeds  available for distribution to the Limited Partners,  if any,
on liquidation of the Partnership's investments. Some of those risks include the
following:

The  Low  Income   Housing  Tax  Credits   rules  are   extremely   complicated.
Noncompliance  with these rules results in the loss of future Low Income Housing
Tax  Credits  and the  fractional  recapture  of Low Income  Housing Tax Credits
already taken. In most cases the annual amount of Low Income Housing Tax Credits
that an  individual  can use is limited to the tax liability due on the person's
last $25,000 of taxable income. The Local Limited  Partnerships may be unable to
sell the Housing  Complexes  at a price which  would  result in the  Partnership
realizing cash distributions or proceeds from the transaction.  Accordingly, the
Partnership  may be unable to distribute any cash to its limited  partners.  Low
Income  Housing Tax Credits may be the only  benefit from an  investment  in the
Partnership.

The Partnership has invested in a limited number of Local Limited  Partnerships.
Such  limited  diversity  means that the  results of  operation  of each  single
Housing  Complex  will have a greater  impact on the  Partnership.  With limited
diversity,   poor   performance   of  one  Housing   Complex  could  impair  the
Partnership's ability to satisfy its investment objectives. Each Housing Complex
is subject to mortgage  indebtedness.  If a Local Limited  Partnership failed to
pay its  mortgage,  it  could  lose  its  Housing  Complex  in  foreclosure.  If
foreclosure  were to occur during the first 15 years,  the loss of any remaining
future Low Income  Housing Tax  Credits,  a  fractional  recapture  of prior Low
Income Housing Tax Credits,  and a loss of the  Partnership's  investment in the
Housing   Complex  would  occur.   The  Partnership  is  a  limited  partner  or
non-managing  member  of  each  Local  Limited  Partnership.   Accordingly,  the
Partnership  will have very  limited  rights with respect to  management  of the
Local  Limited  Partnerships.  The  Partnership  will rely  totally on the Local
General  Partners.  Neither  the  Partnership's  investments  in  Local  Limited
Partnerships,  nor  the  Local  Limited  Partnerships'  investments  in  Housing
Complexes,  are readily marketable.  To the extent the Housing Complexes receive
government financing or operating subsidies,  they may be subject to one or more
of the  following  risks:  difficulties  in  obtaining  tenants  for the Housing
Complexes;  difficulties  in  obtaining  rent  increases;  limitations  on  cash
distributions;  limitations  on  sales  or  refinancing  of  Housing  Complexes;
limitations on transfers of interests in Local Limited Partnerships; limitations
on removal of Local  General  Partners;  limitations  on subsidy  programs;  and
possible changes in applicable regulations. Uninsured casualties could result in
loss of property and Low Income  Housing Tax Credits and recapture of Low Income
Housing Tax  Credits  previously  taken.  The value of real estate is subject to
risks  from  fluctuating  economic   conditions,   including  employment  rates,
inflation,  tax, environmental,  land use and zoning policies, supply and demand
of similar properties, and neighborhood conditions, among others.

The  ability of Limited  Partners to claim tax losses  from the  Partnership  is
limited.  The IRS may audit the  Partnership or a Local Limited  Partnership and
challenge the tax treatment of tax items.  The amount of Low Income  Housing Tax
Credits and tax losses allocable to the limited partners could be reduced if the
IRS were  successful  in such a  challenge.  The  alternative  minimum tax could
reduce tax benefits from an investment in the  Partnership.  Changes in tax laws
could also impact the tax benefits from an investment in the Partnership  and/or
the value of the Housing Complexes.

No trading  market  for the Units  exists or is  expected  to  develop.  Limited
partners  may be unable to sell  their  Units  except at a  discount  and should
consider their Units to be a long-term  investment.  Individual limited partners
will have no recourse if they disagree with actions  authorized by a vote of the
majority of Limited Partners.

                                       8
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended December 31, 2004
                                   (unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued
--------------------------------------------------------------
Method of Accounting for Investments  in Limited  Partnerships
--------------------------------------------------------------
The Partnership  accounts for its investments in limited  partnerships using the
equity method of  accounting,  whereby the  Partnership  adjusts its  investment
balance for its share of the Local Limited  Partnerships'  results of operations
and for any  contributions  made and  distributions  received.  The  Partnership
reviews the  carrying  amount of an  individual  investment  in a Local  Limited
Partnership for possible  impairment whenever events or changes in circumstances
indicate that the carrying  amount of such  investment  may not be  recoverable.
Recoverability  of such investment is measured by the estimated value derived by
management,  generally  consisting of the sum of the remaining future Low Income
Housing  Tax  Credits  estimated  to be  allocated  to the  Partnership  and the
estimated  residual value to the Partnership.  If an investment is considered to
be impaired,  the impairment to be recognized is measured by the amount by which
the  carrying  amount of the  investment  exceeds  fair  value.  The  accounting
policies of the Local Limited  Partnerships are generally  consistent with those
of  the  Partnership.  Costs  incurred  by  the  Partnership  in  acquiring  the
investments  are  capitalized  as part of the  investment  account and are being
amortized over 30 years (see Note 3).

Equity in losses of limited partnerships for the periods ended December 31, 2004
and 2003 have been recorded by the Partnership  based on nine months of reported
results  estimated by management of the Partnership.  Management's  estimate for
the nine-month  period is based on either actual  unaudited  results reported by
the Local Limited  Partnerships  or historical  trends in the  operations of the
Local Limited  Partnerships.  In subsequent  annual financial  statements,  upon
receiving the actual annual results reported by the Local Limited  Partnerships,
management  reverses its prior estimate and records the actual results  reported
by  the  Local  Limited   Partnerships.   Equity  in  losses  from  the  Limited
Partnerships  allocated to the Partnership are not recognized to the extent that
the  investment  balance would be adjusted below zero. As soon as the investment
balance  reaches  zero,  amortization  of the  related  costs of  acquiring  the
investment are  accelerated  to the extent of losses  available (see Note 3). If
the  Local  Limited   Partnerships  report  net  income  in  future  years,  the
Partnership  will resume applying the equity method only after its share of such
net income  equals the share of net losses not  recognized  during the period(s)
the equity method was suspended.

Distributions  received by Limited  Partners are accounted for as a reduction of
the investment balance.  Distributions received after the investment has reached
zero are recognized as income. As of December 31, 2004,  distributions of $6,936
were received and recorded as a reduction of the investment balance.

Offering Expenses
-----------------
Offering  expenses are expected to consist of  underwriting  commissions,  legal
fees,  printing,  filing and  recordation  fees,  and other  costs  incurred  in
connection with the selling of limited partnership interests in the Partnership.
The General  Partner is obligated to pay all  offering  and  organization  costs
inclusive of selling commissions and dealer manager fees, in excess of 4% of the
total  offering  proceeds.  Offering  expenses  are  reflected as a reduction of
limited partners' capital and amounted to $2,429,245 as of December 31, 2004 and
March 31, 2004.

Exit Strategy
-------------
The IRS  compliance  period for Low Income  Housing  Tax  Credit  properties  is
generally  15 years from  occupancy  following  construction  or  rehabilitation
completion.  WNC was one of the first in the industry to offer investments using
the tax credit.  Now these very first programs are completing  their  compliance
period.

With that in mind, we are continuing our review of the  Partnership's  holdings,
with special  emphasis on the more mature  properties  including those that have
satisfied the IRS compliance requirements. Our review will consider many factors
including  extended  use  requirements  on the  property  (such as those  due to
mortgage  restrictions  or state  compliance  agreements),  the condition of the
property,  and the tax consequences to the limited partners from the sale of the
property.

                                       9
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended December 31, 2004
                                   (unaudited)


NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued
--------------------------------------------------------------
Upon identifying  those  properties with the highest  potential for a successful
sale, refinancing or syndication, we expect to proceed with efforts to liquidate
those  properties.  Our  objective is to maximize the Limited  Partners'  return
wherever  possible  and,  ultimately,  to wind down  those  funds that no longer
provide tax benefits to Limited  Partners.  However,  Local Limited  Partnership
interests  may be  disposed  at any  time by WNC in its  discretion.  To date no
properties in the Partnership have been selected.

Use of Estimates
----------------
The preparation of financial statements in conformity with accounting principles
generally  accepted in the United States of America requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the  financial  statements,  and the  reported  amounts of revenues and expenses
during the reporting  period.  Actual results could materially differ from those
estimates.

Income Taxes
------------
No provision for income taxes has been  recorded in the financial  statements as
any  liability  and/or  benefits  for income  taxes flows to the partners of the
Partnership and is their obligation and/or benefit.  For income tax purposes the
Partnership reports on a calendar year basis.

Cash and Cash Equivalents
-------------------------
The Partnership considers all highly liquid investments with original maturities
of three months or less when  purchased to be cash  equivalents.  As of December
31, 2004 and March 31, 2004 the  Partnership  had cash  equivalents of $ 791,000
and  $1,133,000,  respectively.  These amounts  consist  primarily of tax exempt
instruments   collateralized   by  tax  exempt   municipal  bonds  from  various
municipalities  throughout the United  States.  These  instruments  generate tax
exempt yields and generally mature in 35 days from the date of acquisition.

Concentration of Credit Risk
----------------------------
At December  31,  2004,  the  Partnership  maintained  cash  balances at certain
financial institutions in excess of the federally insured maximum.

Net Loss per Limited Partner Unit
---------------------------------
Net loss per limited  partnership  unit is  calculated  pursuant to Statement of
Financial  Accounting  Standards No. 128,  Earnings Per Share. Net loss per unit
includes no dilution  and is computed  by  dividing  loss  available  to limited
partners by the weighted average number of units outstanding  during the period.
Calculation of diluted net loss per unit is not required.

Reporting Comprehensive Income
------------------------------
The  Statement of Financial  Accounting  Standards  ("SFAS") No. 130,  Reporting
Comprehensive  Income  established  standards  for the  reporting and display of
comprehensive  income (loss) and its components in a full set of general-purpose
financial statements. The Partnership had no items of other comprehensive income
for all periods presented, as defined by SFAS No. 130.

                                       10
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended December 31, 2004
                                   (unaudited)

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, continued
--------------------------------------------------------------
New Accounting Pronouncements
-----------------------------
As of March 31,  2004,  the  Partnership  adopted FASB  Interpretation  No. 46 -
Revised,  Consolidation  of  Variable  Interest  Entities  ("FIN46R").  FIN  46R
provides  guidance as to when a company should include the assets,  liabilities,
and  activities  of  a  variable   interest  entity  ("VIE")  in  its  financial
statements,   and  when  a  company  should  disclose   information   about  its
relationship  with a VIE. A VIE is a legal structure used to conduct  activities
or hold assets, and a VIE must be consolidated by a company if it is the primary
beneficiary  because a primary  beneficiary absorbs the majority of the entity's
expected losses, the majority of the expected residual returns, or both.

Under FIN 46R, the Local Limited  Partnerships in which the Partnership  invests
are VIEs. However,  management does not consolidate the Partnership's  interests
in these VIE's under FIN46R,  as the  Partnership  is not considered the primary
beneficiary.  Rather,  the  Partnership  currently  records  the  amount  of the
investment in the Local Limited  Partnerships  as an asset in the balance sheet,
and  recognizes  its share of Local  Limited  Partnership  income or loss in the
statement of operations.

The Partnership's balance in its investment in Local Limited Partnerships,  plus
the risk of recapture of tax credits previously recognized on these investments,
represent its maximum  exposure to loss. The  Partnership's  exposure to loss is
mitigated  by  the  condition  and  financial   performance  of  the  underlying
properties,  as well as the  strength of the Local  General  Partners  and their
guarantee against credit recapture.

In May 2005, the FASB issued Statement of Financial Accounting Standards No. 154
(SFAS 154),  "Accounting  Changes and Error Corrections" which provides guidance
on the  accounting  for and  reporting of accounting  changes and  correction of
errors.  This  statement  changes the  requirements  for the  accounting for and
reporting  of a change in  accounting  principle  and  applies to all  voluntary
changes in  accounting  principle.  It also  applies to changes  required  by an
accounting pronouncement in the unusual instance that the pronouncement does not
include  specific  transition  provisions.   This  statement  is  effective  for
accounting  changes and  corrections  of errors made in fiscal  years  beginning
after December 15, 2005. The  Partnership  does not anticipate a material effect
upon the adoption of this statement.

NOTE 2 - LOANS RECEIVABLE
-------------------------
Loans  receivable  represent  amounts loaned by the Partnership to certain Local
Limited  Partnerships  in  which  the  Partnership  may  invest  or has  already
invested.   These  loans  are  generally   applied  against  the  first  capital
contribution due if the Partnership  ultimately invests in such entities. In the
event that the Partnership does not invest in such entities, the loans are to be
repaid  with  interest  at a rate,  which is equal  to the rate  charged  to the
holder.  At December 31, 2004,  loans receivable and accrued interest thereon of
$84,467 were due from two Local Limited  Partnerships  in which the  Partnership
owns a 99.98%  interest.  One of the loans in the amount of  $75,000,  is in the
form of a 20 year  promissory  note, and is subordinate to the first mortgage on
the respective property,  due in full on August 30, 2022 and earns interest at a
rate of 8% per annum.

                                       11
<PAGE>
                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended December 31, 2004
                                   (unaudited)

NOTE 3 - INVESTMENTS IN LIMITED PARTNERSHIPS
--------------------------------------------
As of the period  presented,  the Partnership had acquired  limited  partnership
interests in thirteen Local Limited Partnerships, each of which owns one Housing
Complex  consisting  of an  aggregate of 452  apartment  units.  The  respective
general  partners  of the  Local  Limited  Partnerships  manage  the  day-to-day
operations  of the entities.  Significant  Local  Limited  Partnership  business
decisions require approval from the Partnership.  The Partnership,  as a limited
partner,  is generally  entitled to 99.98%,  as  specified in the Local  Limited
Partnership agreements,  of the operating profits and losses, taxable income and
losses and tax credits of the Local Limited Partnerships.

Following is a summary of the equity method activity of the investments in Local
Limited Partnerships for the periods presented below:
<TABLE>
<CAPTION>
                                                                   For the Nine                For the Year
                                                                   Months Ended                    Ended
                                                                December 31, 2004             March 31, 2004
                                                              -----------------------   ----------------------------
<S>                                                        <C>                         <C>
  Investments per balance sheet, beginning of period        $            12,291,007     $               13,010,788
  Capital contributions paid, net                                            (5,705)                     1,009,095
  Equity in losses of limited partnerships                                 (755,733)                    (1,031,694)
  Distributions received from limited partnerships                           (6,936)                        (2,927)
  Amortization of capitalized acquisition fees and costs                    (40,785)                       (56,916)
  Impairment                                                                      -                       (637,339)
                                                              -----------------------   ----------------------------
  Investments per balance sheet, end of period              $            11,481,848     $               12,291,007
                                                              =======================   ============================
</TABLE>
                                       12
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended December 31, 2004
                                   (unaudited)

NOTE 3 - INVESTMENTS IN LIMITED PARTNERSHIPS, continued
-------------------------------------------------------
Selected  financial  information for the nine months ended December 31, 2004 and
2003 from the unaudited combined condensed  financial  statements of the limited
partnerships in which the Partnership has invested is as follows::

                   COMBINED CONDENSED STATEMENT OF OPERATIONS
<TABLE>
<CAPTION>
                                                                        2004                   2003
                                                                 -------------------    ------------------
<S>                                                           <C>                   <C>
         Revenue                                               $        2,024,000    $        2,016,000
                                                                 -------------------    ------------------
         Expenses:
           Interest expense                                               592,000               592,000
           Depreciation                                                   852,000               793,000
           Operating expenses                                           1,336,000             1,298,000
                                                                 -------------------    ------------------
             Total expenses                                             2,780,000             2,683,000
                                                                 -------------------    ------------------
           Net Loss                                            $         (756,000)    $        (667,000)
                                                                 ===================    ==================
         Net loss allocable to the Partnership                 $         (756,000)    $        (667,000)
                                                                 ===================    ==================
         Net loss recorded by the Partnership                  $         (756,000)    $        (667,000)
                                                                  ==================    ==================
</TABLE>

Certain Local Limited  Partnerships have incurred  significant  operating losses
and/or have  working  capital  deficiencies.  In the event  these Local  Limited
Partnerships continue to incur significant operating losses,  additional capital
contributions  by the  Partnership  and/or  the  Local  General  Partner  may be
required  to sustain  the  operations  of such Local  Limited  Partnerships.  If
additional  capital  contributions  are not made  when  they are  required,  the
Partnership's  investment in certain of such Local Limited Partnerships could be
impaired, and/or the loss and recapture of the related tax credits could occur.

NOTE 4 - RELATED PARTY TRANSACTIONS
-----------------------------------
Under the terms of the Partnership Agreement the Partnership is obligated to the
General Partner or its affiliates for the following items:

(a)  Acquisition  fees of 7% of the  gross  proceeds  from  the sale of Units as
     compensation  for services  rendered in connection  with the acquisition of
     Local Limited Partnerships. As of December 31, 2004 and March 31, 2004, the
     Partnership   incurred   acquisition   fees  of   $1,319,500.   Accumulated
     amortization  of these  capitalized  costs were $199,836 and $166,845 as of
     December 31, 2004 and March 31, 2004, respectively.

                                       13
<PAGE>

                 WNC HOUSING TAX CREDIT FUND VI, L.P., SERIES 7
                       (A California Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS - CONTINUED
                For the Quarterly Period Ended December 31, 2004
                                   (unaudited)

NOTE 4 - RELATED PARTY TRANSACTIONS, continued
----------------------------------------------
(b)  Acquisition  costs of 2% of the gross  proceeds  from the sales of Units as
     full  reimbursement  of costs incurred by the General Partner in connection
     with the acquisition of Local Limited Partnerships. As of December 31, 2004
     and March 31, 2004, the Partnership incurred acquisition costs of $377,000.
     Accumulated  amortization was $122,321 and $114,527 as of December 31, 2004
     and March 31, 2004, respectively.

(c)  An annual asset  management  fee not to exceed 0.2% of the invested  assets
     (defined as the Partnership's  capital  contributions  plus reserves of the
     Partnership of up to 5% of gross proceeds plus its allocable  percentage of
     the mortgage debt  encumbering the housing  complexes) of the Local Limited
     Partnerships.  Asset  management  fees of $44,367 and $43,518 were incurred
     during the nine months  ended  December  31, 2004 and  December  31,  2003,
     respectively.  The  Partnership  paid the General Partner or its affiliates
     $41,000 and $45,200 of those fees during the nine months ended December 31,
     2004 and 2003, respectively.

(d)  A subordinated  disposition fee in an amount equal to 1% of the sales price
     of real estate  sold.  Payment of this fee is  subordinated  to the limited
     partners  receiving a return on investment  (as defined in the  Partnership
     Agreement)  and is payable  only if the General  Partner or its  affiliates
     render services in the sales effort.

(e)  The  Partnership  reimburses  the  General  Partner or its  affiliates  for
     operating expenses incurred in behalf of the Partnership. Operating expense
     reimbursements are approximately $39,524 and $43,638 during the nine months
     ended December 31, 2004 and 2003, respectively.

The accrued fees and expenses due to the General Partner and affiliates  consist
of the following at:
<TABLE>
<CAPTION>
                                                           December 31, 2004        March 31, 2004
                                                         ----------------------    -----------------
<S>                                                   <C>                       <C>
Insurance Proceeds due to Local Limited Partnerships   $                20,839   $           20,839
Payables to Local Limited Partnerships                                      64                   64
Organizational, offering and selling costs payable                       2,590                2,590
Asset management fee payable                                            65,681               61,972
Reimbursement for expenses paid by
  the General Partner or an affiliate                                    1,269                1,148
                                                         ----------------------    -----------------
                                                       $                90,443   $           86,613
                                                         ======================    =================
</TABLE>
NOTE 5 - PAYABLES TO LIMITED PARTNERSHIPS
-----------------------------------------
Payables  to Limited  Partnerships  represent  amounts  which are due at various
times  based on  conditions  specified  in the  respective  Limited  Partnership
agreements.  These  contributions  are payable in installments and are generally
due upon the Limited  Partnerships  achieving certain  development and operating
benchmarks (generally within two years of the Partnership's initial investment).

                                       14
<PAGE>

Item 2. Management's  Discussion and Analysis of Financial Condition and Results
        of Operations

Forward-Looking Statements

With  the  exception  of  the  discussion  regarding   historical   information,
"Management's  Discussion  and  Analysis of Financial  Condition  and Results of
Operations"  and  other   discussions   elsewhere  in  this  Form  10-Q  contain
forward-looking  statements.  Such statements are based on current  expectations
subject to uncertainties and other factors,  which may involve known and unknown
risks that could cause actual  results of operations to differ  materially  from
those  projected or implied.  Further,  certain  forward-looking  statements are
based upon assumptions about future events, which may not prove to be accurate.

Risks and uncertainties inherent in forward-looking  statements include, but are
not  limited  to,  our  future  cash  flows and  ability  to  obtain  sufficient
financing, level of operating expenses, conditions in the low-income housing tax
credit property market and the economy in general, as well as legal proceedings.
Historical  results are not necessarily  indicative of the operating results for
any future period.

Subsequent  written and oral  forward-looking  statements  attributable to us or
persons  acting on our behalf  are  expressly  qualified  in their  entirety  by
cautionary  statements  in this Form 10-Q and in other reports we filed with the
Securities and Exchange  Commission.  The following discussion should be read in
conjunction  with the  Consolidated  Financial  Statements and the Notes thereto
included elsewhere in this filing.

The following discussion and analysis compares the results of operations for the
three and nine months ended  December  31, 2004 and 2003,  and should be read in
conjunction   with  the  condensed   consolidated   financial   statements   and
accompanying notes included within this report.

Financial Condition

The Partnership's assets at December 31, 2004 consisted primarily of $791,000 in
cash and cash equivalents,  aggregate  investments in the thirteen Local Limited
Partnerships  of  $11,482,000  and $84,000 in loans  receivable.  Liabilities at
December 31, 2004  primarily  consisted of $62,000 due to limited  partnerships,
$69,000  of  accrued   asset   management   fees,   commissions   payable,   and
reimbursements  due to the General Partner or affiliates and $21,000 in interest
and insurance proceeds payable to affiliates.

Results of Operations

Three Months Ended December 31, 2004 Compared to Three Months Ended December 31,
2003.  The  Partnership's  net loss for the three months ended December 31, 2004
was $(296,000),  reflecting an increase in loss of $(47,000) from the $(249,000)
net loss for the three months ended  December 31, 2003. The increase in net loss
was primarily due to an increase of approximately  $(30,000) in equity in losses
of limited  partnerships,  which  increased to  $(252,000)  for the three months
ended December 31, 2004 from  $(222,000) for the three months ended December 31,
2003. In addition to the increase in equity in losses from limited partnerships,
loss from  operations  increased by $(17,000)  to a loss of  $(44,000),  for the
three  months ended  December  31, 2004 from a loss of  $(27,000)  for the three
months  ended  December  31,  2003.  The  increase in loss from  operations  was
primarily  due to, an increase of  $(13,000) in legal and  accounting  expenses,
offset by $1,000  decrease in  amortization  and other  operating  expenses.  In
addition to the increase in the loss from  operations,  there were a decrease of
$(4,000) in reporting  fee income and a decrease of $(1,000) in interest  income
for the three months ended December 31, 2004.

Nine Months Ended  December 31, 2004 Compared to Nine Months Ended  December 31,
2003. The Partnership's net loss for the nine months ended December 31, 2004 was
$(871,000), reflecting an increase in loss of $(120,000) from the $(751,000) net
loss for the nine months ended  December 31, 2003.  The increase in net loss was
primarily due to an increase of  approximately  $(89,000) in equity in losses of
limited  partnerships,  which  increased to $(756,000) for the nine months ended
December 31, 2004 from  $(667,000)  for the nine months ended December 31, 2003.
In addition to the increase in equity in losses from limited  partnerships,  the
loss from operations increased by $(31,000) to a loss of $(115,000) for the nine
months ended December 31, 2004 from a loss of $(84,000) for the nine

                                       15
<PAGE>

Item 2. Management's  Discussion and Analysis of Financial Condition and Results
        of Operations, continued

months  ended  December  31,  2003.  The  increase in loss from  operations  was
primarily due to a decrease in interest income of $(22,000) due to a decrease of
$(15,000) in reporting fee and a decrease of $(7,000) in interest income, and an
increase of $(9,000) in operating expenses mainly due to an increase of $(7,000)
in legal and  accounting  fees and an increase  of $(4,000) in asset  management
fees and other operating expenses offset by a decrease of $2,000 in amortization
expenses for the nine months ended December 31, 2004.

Cash Flows

Nine Months Ended  December 31, 2004 Compared to Nine Months Ended  December 31,
2003.  Net cash  used  during  the  nine  months  ended  December  31,  2004 was
$(342,000), compared to the net cash used for the nine months ended December 31,
2003 of  $(1,071,000)  reflecting  a decrease  of  $730,000  net cash used.  The
decrease  is  primarily  due to a $554,000  decrease  in cash used in  investing
activities,  which is due to a  $677,000  decrease  in  investments  in  limited
partnerships,  a  $(127,000)  decrease in loan  receivable,  along with a $4,000
increase in distributions from limited partnerships. In addition to the decrease
in cash used in investing  activities,  there is also a $176,000 decrease in net
cash used in  operating  activities.  The decrease in net cash used in operating
activities is primarily due to a $209,000  decrease in accrued fees and expenses
due to  General  Partner  and  affiliates,  off-set by a  $(2,000)  decrease  in
amortization expenses.

The Partnership  expects its future cash flows,  together with its net available
assets at December 31, 2004, to be sufficient to meet all currently  foreseeable
future cash requirements.

Other Matters

During  the  year  ended  March  31,  2002,  WNC,  the  General  Partner  of the
Partnership  was  advised  that  Lake  Village   Apartments,   a  local  limited
partnership,  was in default  of certain  covenants  relating  to certain  loans
advanced for the  construction  of the  apartments.  The defaults were primarily
caused by the general  contractor  failing to complete the  construction  of the
development  according to the terms of the Lake Village  Apartment's loans. As a
result of the foregoing,  on June 30, 2002, the General  Partner of Lake Village
Apartments  was replaced by an entity wholly owned by two minority  shareholders
and officers of WNC & Associates  and a workout  agreement was executed with the
lender (the "Agreement"), whereby the General Partner of Lake Village Apartments
was  replaced  by  the  aforementioned  entity.  Pursuant  to the  terms  of the
Agreement,  the new general partner would  contribute  additional  equity to the
local limited partnership if necessary,  a new general contractor would complete
the  construction  of the  development,  and the lender,  upon  satisfaction  of
certain  conditions  of the  Agreement  as defined,  would  continue to fund the
completion of the  construction  and other costs.  In addition,  pursuant to the
Agreement,  the Partnership Agreement was amended, and the Partnership committed
and paid additional  capital  contributions of $855,628 as a result of obtaining
additional tax credits. Construction of the development was completed as of June
2002, at which time all construction loans converted to permanent financing.

As of December 31, 2004  occupancy was 76% and as of December 2005 occupancy was
52%. As of November 1, 2005 the Lake Village Apartments are being managed by the
Henry County Housing  Development  Group,  Inc. (HCHD).  As of December 2005 the
Partnership  has advanced Lake Village  approximately  $118,000.  These advances
were  used  to  fund  certain  recurring  and  nonrecurring  operating  expenses
consisting  primarily  of  mortgage  principal  payments,   property  taxes  and
insurance.

One Local Limited  Partnership,  ACN Southern Hills II, L.P. ("Southern Hills"),
in which the Partnership owns a 99.98% interest, had a construction loan payable
aggregating  approximately $1,100,000 as of December 31, 2001. Such construction
loan was due in March 2002 and was not repaid at that time.  In  September  2002
the loan was  successfully  refinanced  with a first  mortgage of $463,000 and a
20-year loan of $80,000 from the Partnership to Southern Hills. The Partnerships
loan is  subordinate  to the first  mortgage  and  requires  payments to be made
monthly and at the end of the year from  available  cash flow.  The  Partnership
expects this loan to be collectible in full.

                                       16
<PAGE>

Item 3.  Quantitative and Qualitative Disclosures about Market Risk

         NOT APPLICABLE


Item 4. Controls and Procedures

As of the end of the period covered by this report,  the  Partnership's  General
Partner, under the supervision and with the participation of the Chief Executive
Officer and Chief  Financial  Officer of WNC carried  out an  evaluation  of the
effectiveness of the Fund's  "disclosure  controls and procedures" as defined in
Securities  Exchange  Act  of  1934  Rule  13a-15  and  15d-15.  Based  on  that
evaluation,  the Chief Executive  Officer and Principal  Financial  Officer have
concluded  that  as of  the  end of the  period  covered  by  this  report,  the
Partnership's  disclosure controls and procedures were adequate and effective in
timely  alerting  them  to  material  information  relating  to the  Partnership
required to be included in the Partnership's periodic SEC filings.

Changes  in  internal  controls.  There  were no  changes  in the  Partnership's
internal control over financial reporting that occurred during the quarter ended
December  31,  2004  that  materially  affected,  or are  reasonably  likely  to
materially affect, the Partnership's internal control over financial  reporting.

Part II. OTHER INFORMATION

Item 1.  Legal Proceedings

         NONE

Item 2.  Changes in Securities and Use of Proceeds

         NONE

Item 3.  Defaults Upon Senior Securities

         NONE

Item 4.  Submission of Matters to a Vote of Security Holders

         NONE

Item 5.  Other Information

         NONE

Item 6.  Exhibits

31.1     Certification of the Principal Executive Officer pursuant  to Rule 13a-
         15(e)and 15d-15(e), as adopted pursuant to section 302 of the Sarbanes-
         Oxley Act of 2002.  (filed herewith)

31.2     Certification of the Principal Financial Officer pursuant  to Rule 13a-
         15(e)and 15d-15(e), as adopted pursuant to section 302 of the Sarbanes-
         Oxley Act of 2002.  (filed herewith)

32.1     Section 1350  Certification  of  the  Chief  Executive  Officer. (filed
         herewith)

32.2     Section 1350 Certification  of  the  Chief  Financial  Officer.  (filed
         herewith)

                                       17
<PAGE>
Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

WNC HOUSING TAX CREDIT FUND VI, L.P., Series 7
----------------------------------------------
(Registrant)

By:   WNC & Associates, Inc., General Partner of the Registrants




By:   /s/ Wilfred N. Cooper, Jr.
      --------------------------
Wilfred N. Cooper, Jr.
President and Chief Operating Officer of WNC & Associates, Inc.

Date:  January 10, 2006




By:  /s/ Thomas J. Riha
     ------------------
Thomas J. Riha
Vice President and Chief Financial Officer of WNC & Associates, Inc.

Date:  January 10, 2006

                                       18